All Forum Posts by: Katie Smith

Hey Jace!

I have a rec that I send all of my clients to! She can help with continuous insurance, so that you can cancel it whenever the renovation is complete. 

Welcome to BiggerPockets! It’s great that you’re ready to take the leap into real estate investing. If you need guidance or have questions about getting started, assessing deals, or financing, I’d be more than happy to help. Don’t hesitate to reach out—everyone starts somewhere, and you’re in the right place to learn and grow!

Hi David! Welcome to BiggerPockets and to Virginia! If you're diving into BRRRR opportunities, I'd be glad to help you assess deals or explore financing options. Feel free to reach out if you have any questions or need assistance as you evaluate the local markets. Best of luck with your investments!

Hi Kerry! Welcome to BP! Congrats on getting started on your investing journey, let me know if you have any questions regarding financing for investment properties! Always happy to help.

Hi Steven! 

I completely understand your concerns—trust is key when it comes to financing. As a hard money lender, I pride myself on transparency and building strong, trustworthy relationships with my clients. I’d be happy to hop on a call to discuss your needs and see if we’re a good fit. It’s important to work with someone who not only offers the right terms but also makes you feel secure in the process. Feel free to reach out if you’d like to chat and explore your options!

Hi Diego! 

Since your property is under an LLC, traditional credit unions might not offer the type of financing you're looking for. As a hard money lender, I can tell you that working with a commercial lender or a hard money lender is often a better route for accessing funds under an LLC. We specialize in providing quick and flexible financing for investors like you. You will most likely have a hard time finding a lender to do a HELOC on an investment property though. Have you thought about doing a cash-out refinance instead?

To answer your second question, yes, you can absolutely buy a foreclosure under an LLC, and it often makes sense, especially for a flip. It helps protect your personal assets and keeps your business operations separate. If you're interested, I'd be happy to discuss how I can assist with the funding for your next project.

Feel free to reach out if you want to explore your options!

Hi Rino! How did the paint job go? Happy to assist with a fix & flip loan on your next project! 

Hi there. You will find most lenders cap at 90% towards the purchase price and 100% of the rehab. Securing 100% financing for a project is quite rare because lenders typically want you to have some skin in the game. This means they want to see that you’re invested in the project by contributing your own funds, which reduces their risk. Usually, lenders will require a down payment or proof of other assets to ensure you have a vested interest in the property's success. Additionally, strong credit, a solid track record in similar projects, and a well-detailed plan for the rehab can also improve your chances of securing favorable financing terms.

Hi Jacopo! 

It’s great to meet a fellow investor/broker in Florida. The journey's been exciting on my end, especially helping investors secure the financing they need. I’d love to connect and chat about the market and opportunities we’re seeing. Let’s definitely keep in touch!

Hi Gerry! 

I’m always eager to build long-term relationships, especially with accredited investors like yourself who are passionate about real estate. As a hard money lender, I’m open to working with both experienced and newbie fix-and-flip borrowers, providing flexible financing to help them succeed. I’d love to chat further and see how we can collaborate to support your network and investment goals.

Looking forward to connecting.